Wednesday, September 19, 2007

Markets closed UP with strong internals !!!!

Markets closed higher second day in a row.....thank you BB......

Market internals were two to one favouring UP volume/UP advancing stocks and new 52 week highs were leading "big time".....

NYSE & Nasdaq are seeing short covering (hello Doug Kass who is still crying wolf ) and spirited buying by institutions & retail......

Thursday could be a "tough day due to GS ER if percieved as negative & selling ahead of Quad witching"

VMW was the star in my portfolio as it was "oversold" UP $3.70......

WFR gave me $$ after purchase...UP $1.10....

SNDK recovering nicely from being "oversold" UP 73 Cents....

FMCN was down 10 Cents but I had to buy more shares as it dipped from my original purchase price ...bought TWICE today....FMCN is ready for a breakout @ $48.47....then it is UP UP & away $$$$$

NMX cost me 95 cents per share...as it went further down.....it is the most widely talked about "takeover candidate"

SWIR made me small cents......AH they announced $90 million financing through CIBC @ $22.40US.....almost 4 million share...stock down AH 91 cent....deal closing Oct 2....I bought TWICE today ......

NTRI is down $6 today on Citi downgrade.....

GOOG & BIDU marching to their own drummer......

LDK flying on a daily basis......

DELL behaved well today....

SINA UP again today....

BX inching UP daily......

SOHU closed @ new high....

XING UP strongly......

Good luck on thursday.

BLOG does not give buy or sell.

Saleem

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